She said: “In a swift reversal of fortunes, Sterling rocketed higher on Thursday thanks to the latest Brexit reports.

“A relatively upbeat policy statement from the Bank of England (BoE) also shored up the pound, with the GBP/EUR exchange rate jumping back above €1.140.

“As long as optimism remains high the pound could hold gains heading into the weekend.”

The Bank of England’s monetary policy committee announced it was keeping interest rated unchanged yesterday.

Pound to euro exchange rate: Sterling could continue to prosper into the weekend (Image: GETTY)

The committee also unanimously voted to keep its stock of UK government bond purchases at £435billion.

While the news of a concrete Brexit deal deadline is music to many people’s ears, if the date isn’t met, this could spell trouble for sterling.

Hamish Duress, currency analyst at OFX, told Express.co.uk yesterday: “The announcement today from Dominic Raab will be welcome news for many, providing a reprieve for the pound in the face of the surging Dollar, which has seen GBP/USD lose over 3.5 per cent in a matter of weeks.

“We will have to wait to see if this date can be stuck to, and if anything leading up to November 21st may cause more market jitters.”

British Prime Minister Theresa May has planned for the UK to leave the EU on March 29 next year.